Financial Planner Must Pay Redress Over Pension Advice

Law360, London (April 30, 2019, 5:10 PM BST) -- A London court has ordered a financial planning company to pay compensation to a former client over advice it gave him about his pension arrangements, as it enforced a decision by the Financial Ombudsman Service from 2017.

Montfort International, which acts as a financial adviser for individuals planning to emigrate from the U.K., must pay Martin Davies £135,120 ($176,100) in a full and final settlement of the claim, Deputy Master Timothy Bowles said in an order at the High Court dated April 29.

Davies filed a Part 8 claim at the court in February, seeking an injunction to compel Montfort to...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

Kirkland & Ellis LLP has redefined what it means to be the biggest of BigLaw — weighing in at 2,116 attorneys by year end 2018 and becoming the first firm since Law360 began tracking law firm head counts to top 2,000 U.S.-based attorneys.

Sign up now for free access to this content

PLEASE NOTE: A verification email will be sent to your address before you can access your trial.

Password (at least 8 characters required)

Confirm Password

Select at least one primary interest:

Corporate Crime & Compliance Uk
Financial Services Uk
Insurance Uk

We take your privacy seriously. As detailed in our Privacy Policy we will use your personal information to administer your account and provide the products and services that you have requested from us.

We take your privacy seriously. As detailed in our Privacy Policy we will use your personal information to administer your account and provide the products and services that you have requested from us.